Sensex, Nifty trade in green as US election looms

Indian markets turned green at open on Thursday.

BSE Sensex was trading at 37 points up on 9:37 am and Nifty was up 0.18% at 9:36 am.

However, NSE Nifty 50 index fell 0.2% in pre-market trading on Thursday November 3, 2016. BSE Sensex was pre-open trade was at 0.03% down, or 9.16 points at 9.09 am. 

SGX Nifty is trading higher by 43 points at 8495 levels indicating negative opening for the Indian stock markets.

Commenting on the markets, IFA Global said, "Asian stock markets are trading on a negative note, with Hang Seng index trading lower by 115 points and Nikkei index is trading lower by 307 points as a new poll showing Republican candidate Donald Trump leading the U.S. presidential race spooked investors."

It further said, "Indian Rupee is expected to open in the range of 66.70-66.80 today."

US stock markets closed on a negative note, the Dow Jones Industrial Average closed lower by 77 points and Nasdaq index closed lower by 48 points. U.S. equities closed lower after Federal Reserve held rates unchanged before the important US elections, it said in a morning note. 
 

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Stocks to watch: 

• Hero MotoCorp announced its sales figures on Wednesday after market hours. The company said that its sales grew by 4% in October 2016 on an year-on-year-basis but fell when compared to September 2015. 

• SAIL reported a three-fold increase in its steel exports. 

• Jaiprakash Associates said that it has defaulted on some of NCD interest payments for three months now. 

• Eicher Motors continued to report strong sales on the back of Royal Enfield. Although, commercial vehicle sales are a worry. ICICI Securities raised the stock to 'buy'. 

• Great Eastern told stock exchanges that the company is looking to raise Rs 400 crore in its board meeting on November 7.